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Medford Historical Society Papers, Volume 1., chapter 15 (search)
as drawn up, and a pamphlet was published in 1843 by Caleb Eddy, entitled an Historical Sketch of the Middlesex Canal, with Remarks for the Consideration of the Proprietors, setting forth the new scheme in glowing colors. But despite the feasibility of the plan proposed, and the energy with which it was pushed, the agitation came to naught; and Eddy, despairing of the future, resigned his position as agent in 1845. Among the directors during these later years were Ebenezer Chadwick, William Appleton, William Sturgis, Charles F. Adams, A. A. Lawrence, and Abbott Lawrence; but no business ability could long avert the catastrophe. Stock fell to $150, and finally the canal was discontinued, according to Amory's Life of Sullivan in 1846. It would seem, however, that a revival of business was deemed within the range of possibilities, for in conveyances made in 1852 the company reserved the right to use the land for canalling purposes, and went through the form of electing an agent and